LPL Financial LLC, the nation’s largest independent broker-dealer, has added three financial advisors, Shawn Walton, Debbie Hawksworth and Richard Coloni, to its broker-dealer and corporate registered investment advisor platforms. The trio teamed up to form a new office of Synergy Wealth Alliance, an existing LPL firm.
Walton, Hawksworth, and Coloni collectively serve approximately $100 million in brokerage and advisory assets, and join from Cambridge Investment Research, Edward Jones and Cetera Advisors, respectively.
LPL noted that the advisors have been friends for years, having met at their Florida country club, and had a friendly rivalry prior to their new partnership. When Walton and Coloni began discussions about joining their practices to develop a succession plan for business continuity, Hawksworth mentioned she was looking to go independent.
“It turned into the perfect partnership, with all three of us bringing something to the table to complement each other going forward as we build out the group,” said Walton, who is serving as branch manager for Synergy Wealth Alliance’s new Orange City office.
The advisors each bring different skills and services to the practice. Walton, who has a financial planning focus, works closely with small business owners and has a younger client base. Coloni serves mostly retirees and high-net-worth clients, with a focus on investment portfolio management. Hawksworth’s background is in insurance and business retirement planning. All three are involved in their community and share a belief in the importance of giving back.
LPL Financial provides service to approximately $764 billion in brokerage and advisory assets as of December 31, 2019. The company provides proprietary technology, comprehensive clearing services, practice management programs and training, and independent research to 16,464 financial advisors and 700 financial institutions.